Youth Entrepreneurship: Key Challenges for Inclusive Development
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| Title | Youth Entrepreneurship: Key Challenges for Inclusive Development |
| Authors | |
| Abstract | In recent years, the promotion of entrepreneurship as a possible source of job creation, empowerment and economic dynamism in a rapidly globalizing world has attracted increasing policy and scholarly attention. However, despite this attention, there has been no systematic attempt to look at it from a youth angle. The tendency has been either to subsume the youth into the general adult population or to ignore their efforts to forge a livelihood through enterprise activities. This has resulted in the lack of an adequate understanding of the potential benefits of youth entrepreneurship as a means of improving youth livelihoods. Because entrepreneurial activity is a key source of economic growth, promoting youth entrepreneurship has become a priority for policymakers. Regrettably, problems of unemployment as experienced by the educated youths and even the uneducated but skilled youths have become more pathetic in many developing economies, despite the neo-liberal strategies in addressing the issue of enhancing human capital. There is also very little research on the qualities and particular needs of youth who want to become self-employed in both developed and developing countries. Especially in developing countries, there is currently a dearth of empirical data on the informal sector, and on the participation of youth in the sector and the extent to which the existing policy and institutional framework impacts on youth entrepreneurship. The aim of this paper is to obtain a clearer and more comprehensive picture of concrete barriers and specific constraints that impede young people from starting and running a business, and policy measures and strategies that can be initiated to support it for Inclusive Development |
| Publisher | World Science Publisher |
| Date | 2012-06-15 |
| Source | 2167-6429 |
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